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one of the things that's so disappointing is this fiscal cliff didn't come out of nowhere. we've known it was coming. it was rolling our direction. but one of the things frustrating americans is it seemed like the cliff was being ignored or just put on hold while the campaign was going on and it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we've got to face this cliff. the question is can they really address these issues in the next 24 days with the president heading for vacation, congress about to go home. doesn't feel good. >> no. and in terms of we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? we have a lot of americans without jobs, and just the fear of going over the cliff is even affecting that, right? because it's affecting hiring. >> without a doubt. you wonder, is it affecting big business or small business. corporate ceos are simply sitting on their hands. you're seeing u.s. corporations with more money on their balance sheet than they've h
one of the things that's so disappointing is this fiscal cliff didn't come out of nowhere. we've known it was coming. it was rolling our direction. but one of the things frustrating americans is it seemed like the cliff was being ignored or just put on hold while the campaign was going on and it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we've got to face this cliff. the question is can they really address these issues in the next 24...
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Nov 9, 2012
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it shows if you go off the fiscal cliff the economy goes into recession if at the beginn of 2013 s. it is not a small matter. i think we have to address it. >> it will all come down to these two men. the president expected to draw a line in the sand insisting on a massive tax hike for wealthy americans and republican house speaker john boehner open to raising taxes but in other ways. he told abc news tax rates should remain where they are. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> raising tax rates is unacceptable and frankly it couldn't pass the house. putting increased revenues on the table but through reforming our tax code. i would do that if the president were serious about solving our spending problem and twieing -- trying to secure our entitlement programs. >> most economists agree you have to do something about the big entitlement programs medicare, medicaid social security. is there a political willingness to do that to strike some kind of a grand bargain? that could take months or
it shows if you go off the fiscal cliff the economy goes into recession if at the beginn of 2013 s. it is not a small matter. i think we have to address it. >> it will all come down to these two men. the president expected to draw a line in the sand insisting on a massive tax hike for wealthy americans and republican house speaker john boehner open to raising taxes but in other ways. he told abc news tax rates should remain where they are. >> raising taxes on small business people...
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Nov 9, 2012
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is he going to talk about the economy broadly but specifically the fiscal cliff. what he is willing to do to move forward and with negotiations on capitol hill. as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple days. it's clear that one the reasons the president is coming out tomorrow is not just to lay out the parameters of the debate over the next few weeks but also maybe calm the markets a bit, shep. >> shepard: ed on a matter when presidents reach a second term we have a big turnover in cabinet positions that looks like that's coming here. >> we are expecting several of the big jobs, including secretary of state will turn over. hillary clinton said above the election that she was not going to stick around for a second term. she wants to get out, recharge her batteries. some the names being ban teed
is he going to talk about the economy broadly but specifically the fiscal cliff. what he is willing to do to move forward and with negotiations on capitol hill. as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple days. it's clear that...
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Dec 28, 2012
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economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes a castilian dollars in custom military spending. it is called sequestration. many military experts are concerned about the impact of sudden spending cuts and how it could impact national security. molly henneberg has more on that this morning live from washington. reporter: the cost will be big. the cuts will be large. if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollar
economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes...
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Nov 14, 2012
11/12
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cliff that threatens the american economy. tonight, washington is none too happy about being left out of the loop as the fbi investigates the general petraeus sex scandal. >> it's rather shocking to find out candidly that we weren't briefed. >> it would have been nice to know before we saw it on tv. >> the president was certainly surprised when he was informed about the situation regarding general petraeus on thursday. >> meanwhile, the top general in afghanistan allegedly caught red-handed exchanging flirtatious e-mails of his own with jill kelley. plus the debut of my new cnn colleague, the culinary superstar who will dine on anything, anthony bourdain is here. joining me is barbara starr and intelligence correspondent, suzanne kelly. welcome back to you both. every night i say right off the top, can any of us get our heads round this and how much more ridiculous can it get, and lo and behold, it gets more ridiculous. barbara starr, let's try and get to what we believe to be the facts behind all the kind of lurid, titillatin
cliff that threatens the american economy. tonight, washington is none too happy about being left out of the loop as the fbi investigates the general petraeus sex scandal. >> it's rather shocking to find out candidly that we weren't briefed. >> it would have been nice to know before we saw it on tv. >> the president was certainly surprised when he was informed about the situation regarding general petraeus on thursday. >> meanwhile, the top general in afghanistan...
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Dec 31, 2012
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could mean for the economy and washington. >>> if lawmakers force the economy off the fiscal cliff, over 2 million jobs will be at risk, including over 956,000 small business jobs from supplier companies and mom and pop stores. er ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> while europe has been trading in large part around what we're going to do or won't to in this country, that's driven trading overnight in asia. >> but you tonight have pan i go. you have an absence of panic on both sides. many european markets today didn't open at all. half days in the like of london, for example. similarly over in spain and in amsterdam, they also had a half day today. and it was a negative bi
could mean for the economy and washington. >>> if lawmakers force the economy off the fiscal cliff, over 2 million jobs will be at risk, including over 956,000 small business jobs from supplier companies and mom and pop stores. er ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger...
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Dec 13, 2012
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while congressional leaders trade jabs on the fiscal cliff our next guest says the economy is totally at risk. without a deal we could go back into recession next couple months. joining us david blitzer, s&p dow jones indices managing director. you know, what happens if we go over the cliff but they quickly come to a resolution, they make everything retroactive back to jan 1, does that stave off recession? >> it probably saves off recession. there will be a lot of anxiety and concern. it is a long series of items. not just like one tax rule, one spending cut. it is pages and pages. never do anything in a few pages in washington. so you would have to unwind it but the concern is, and this is all growing like a labor negotiation. it doesn't start until about 11:55 p.m. at the midnight deadline. if boehner says he is going to a new year's eve party in ohio i would worry. if going home for the weekend that's fine. he has a couple weeks, all right? same thing goes for the president obviously. but, also like a labor negotiation, when the strike starts everybody goes off and spends three day
while congressional leaders trade jabs on the fiscal cliff our next guest says the economy is totally at risk. without a deal we could go back into recession next couple months. joining us david blitzer, s&p dow jones indices managing director. you know, what happens if we go over the cliff but they quickly come to a resolution, they make everything retroactive back to jan 1, does that stave off recession? >> it probably saves off recession. there will be a lot of anxiety and concern....
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president and also house speaker making public statements today about the economy and the fiscal cliff. so markets clearly waiting to see what those two gentlemen have to say about where we go from here. >> ahead on "starting point" this morning, is there a civil war brewing within the republican party? some critics say the tea party is to blame. up next we'll get reaction from tea party organizer kelly carender. and a new warning, what parents should know about nesquik. that's ahead. ger. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. 100% new. 100% mmm... wow, that is mmm... it's so mmm you might not believe it's a hundred calories. new yoplait greek 100. it is so good. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to
president and also house speaker making public statements today about the economy and the fiscal cliff. so markets clearly waiting to see what those two gentlemen have to say about where we go from here. >> ahead on "starting point" this morning, is there a civil war brewing within the republican party? some critics say the tea party is to blame. up next we'll get reaction from tea party organizer kelly carender. and a new warning, what parents should know about nesquik. that's...
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Nov 14, 2012
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economy if we do go over that fiscal cliff and see the massive spending cuts and massive tax hikes. he's worried about it. don't get me wrong. he's not as alarmist as many. take a listen. what is the likelihood of the united states falling into a recession if we go over the cliff? >> i don't think that's going to happen. i think that if we go past january 1st i don't know whether it will be january 10th or february 1st, but we are not going to permanently cripple ourselves because 535 people can't get along. >> even if we go over for two months, does that dip this economy back into recession? >> i don't think so. >> you don't think so. that's interesting because the cbo believes that that -- >> yeah, well, we had hurricane sandy, which disrupted the economy for a period . we had katrina. we'll have things that will disrupt the economy. 9/11 was an extraordinary case. we have a i havery resilient economy. the fact that they can't get along for the month of january is not going to torpedo the economy. >> reporter: and, fredricka, i also talked to him about that meeting that the presid
economy if we do go over that fiscal cliff and see the massive spending cuts and massive tax hikes. he's worried about it. don't get me wrong. he's not as alarmist as many. take a listen. what is the likelihood of the united states falling into a recession if we go over the cliff? >> i don't think that's going to happen. i think that if we go past january 1st i don't know whether it will be january 10th or february 1st, but we are not going to permanently cripple ourselves because 535...
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Nov 30, 2012
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really bet the country by going over this fiscal cliff. >> crazy? betting the country? well, according to the congressional budget office, bowles has a good reason for saying what he did. the economy would go into a recession, economic output would drop and unemployment rate would go back up to 9.1% by the end of next year. now, the clock is ticking. john and harry, get out of the sand box. 33 days are left. peter difazio of oregon is "outfront" tonight. let me just get a response from you about timothy geithner's plan that he put on the table. 1.6 trillion in revenue. $400 billion in cuts. i'm a little confused because the president said he will give $2.50 in spending cuts for every dollar in revenue. this is, this is the opposite. >> well, finally, the white house has learned not to negotiate with itself, but with the opposition, which is the republicans. remember, there is no real cliff. on january 1st, the only thing that goes away is the social security tax holiday and nobody is seriously talking about continuing that. all the other tax increases don't take place u
really bet the country by going over this fiscal cliff. >> crazy? betting the country? well, according to the congressional budget office, bowles has a good reason for saying what he did. the economy would go into a recession, economic output would drop and unemployment rate would go back up to 9.1% by the end of next year. now, the clock is ticking. john and harry, get out of the sand box. 33 days are left. peter difazio of oregon is "outfront" tonight. let me just get a...
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fiscal cliff that the economy would go back into recession, unemployment would go from 7% to over 9%. that thousands of people would lose their jobs? >> no, wolf. i don't think there would be a permanent situation where we went over the fiscal cliff and nothing was done. my point is that if we went over the fiscal cliff and tax rates went up and spending cuts were substantial, that republicans would be under a huge pressure, even greater pressure than they are now to agree to a democratic initiative to cut middle class taxes and also restore the spending cuts that really do need to be restored. especially for the middle class and the poor. under the present circumstances, we to some extent have the worst of both worlds. the president loses the bargaining advantage of having that fiscal cliff and also having the public behind him. and has given in to republican demands of moving that threshold from $250,000 over $450,000. >> we've got to leave it there. grover norquist and robert reich, thanks to both of you. i know you'll be joining us later tonight as well. >>> we're following other
fiscal cliff that the economy would go back into recession, unemployment would go from 7% to over 9%. that thousands of people would lose their jobs? >> no, wolf. i don't think there would be a permanent situation where we went over the fiscal cliff and nothing was done. my point is that if we went over the fiscal cliff and tax rates went up and spending cuts were substantial, that republicans would be under a huge pressure, even greater pressure than they are now to agree to a democratic...
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Dec 4, 2012
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we're going to talk about the fiscal cliff, we're going to talk about the global economy. we're going to talk about the civil war in syria. we'll talk about the royal baby coming soon. first we want to get right to zoraida sambolin for an update on the day's top stories. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. f
we're going to talk about the fiscal cliff, we're going to talk about the global economy. we're going to talk about the civil war in syria. we'll talk about the royal baby coming soon. first we want to get right to zoraida sambolin for an update on the day's top stories. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington....
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Dec 19, 2012
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. ♪ martha: 13 days, that is all the time washington has to avoid the so-called fiscal cliff. there could be dire consequences for the economy if they are not able to reach some kind of deal on taxes and spending. both sides say they are looking for balance in this whole agreement they have yet to find. so the fitch ratings agency has now warned it may strip the united states of its aaa credit rating if washington is unable to strike a deal soon on this. meanwhile time is running out for that to be reached. >> in my view the american people know that republicans and conservatives in particular are for spending cuts and tax cuts. they know democrats are for increased spending and increased taxes. so at the end of the day whatever happens, whether it is expiration of push tax cuts or whatever, they're going to sort this out and know who is behind the increase in taxes and who is behind the cuts in spending. martha: all right. will they sort it out is the big question? standard & poor's as you may remember downgraded the u.s. government rating last year for the first time ever. w
. ♪ martha: 13 days, that is all the time washington has to avoid the so-called fiscal cliff. there could be dire consequences for the economy if they are not able to reach some kind of deal on taxes and spending. both sides say they are looking for balance in this whole agreement they have yet to find. so the fitch ratings agency has now warned it may strip the united states of its aaa credit rating if washington is unable to strike a deal soon on this. meanwhile time is running out for that...
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Dec 10, 2012
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economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmak
economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more...
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Dec 2, 2012
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particularly with this fiscal cliff. >> well, we haven't talked about one of the big pieces of the fiscal cliff, which actually has a way bigger impact on the economy than tax breaks for the folks at the top, and that's the payroll tax extension for 160 million americans. the nonpartisan congressional budget office says that gives you the most bang for your buck economically speaking. i believe we have to extend that for a year or come up with some alternative way of doing that. let me say a quick word about medicare reform. there's a difference in outlook. we believe we have to find savings in medicare. the president did, $760 billion, and we can build on that by trying to modernize the system, reduce costs overall in the system, not simply transfer rising health care costs onto the backs of seniors on medicare. $22,000 median income. that's what the voucher plan did. we believe we can find savings by changing the way we reimburse doctors and hospitals. not by across the board cuts, but by focusing on the value of care, the quality of care, not the volume of care and the quantity of care
particularly with this fiscal cliff. >> well, we haven't talked about one of the big pieces of the fiscal cliff, which actually has a way bigger impact on the economy than tax breaks for the folks at the top, and that's the payroll tax extension for 160 million americans. the nonpartisan congressional budget office says that gives you the most bang for your buck economically speaking. i believe we have to extend that for a year or come up with some alternative way of doing that. let me...
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Dec 20, 2012
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economy less than two weeks from the fiscal cliff, top republicans say they are trying to avoid a massive tax hike for everybody. >> the house will act today. up to senate democrats in the white house to act. >> it would extend tax cut on income below $1 million. to secure republican support, the house is voting on a separate measure to cancel next year's pentagon cuts part of sequestration by slashing domestic programs. that upset house democrats. >> the bills are not a plan. they are a ploy. they are bills to nowhere. in a deeply cynical move, so cynical, the republicans have decided to offer another bill to put off some of the sequester. >> while the process moves forward, boehner hasn't given up hope on a grand bargain with the president. >> the president and i in our respective roles have a responsibility to get work together to get them resolved. it expect it will continue to work together. >> top republican in the senate didn't sound as optimistic. >> the president is determined to leap off the cliff. leap off the cliff. well, we're not going to let him take the middle class with h
economy less than two weeks from the fiscal cliff, top republicans say they are trying to avoid a massive tax hike for everybody. >> the house will act today. up to senate democrats in the white house to act. >> it would extend tax cut on income below $1 million. to secure republican support, the house is voting on a separate measure to cancel next year's pentagon cuts part of sequestration by slashing domestic programs. that upset house democrats. >> the bills are not a plan....
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Oct 22, 2012
10/12
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they're the ones that help grow this economy so the fiscal cliff it is a combination of figuring out what is the right personal rate, what is the right corporate rate and what is the right dividend rate and how did we commit ourselves to a glide path over the next decade to reduce in my view of $4 trillion over the next decade but not disproportionally cut over the next two years along the lines of those 10 years because otherwise we throw the economy right back into a recession. so it's going to be a combination of how do we strengthen the middle class and how do we create a balance when you have a multi-trillion dollar pocket. what's the right tax policy and what's the right fiscal and growth policy? my focus will be on ensuring that middle classes strengthened. kyrillos: jam the country is facing a crisis, the kind you just described. it's a fiscal cliff. we are rolling over it and you know the answer that i heard from senator menendez i'm not sure he understands. i can't believe that they allow the uncertainty to exist out there in homes, and businesses, small businesses, large b
they're the ones that help grow this economy so the fiscal cliff it is a combination of figuring out what is the right personal rate, what is the right corporate rate and what is the right dividend rate and how did we commit ourselves to a glide path over the next decade to reduce in my view of $4 trillion over the next decade but not disproportionally cut over the next two years along the lines of those 10 years because otherwise we throw the economy right back into a recession. so it's going...
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Nov 30, 2012
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it depends on how much you think going over the fiscal cliff will affect the economy. others say it will be devastating and others say it will be back. it depends on where you stand when you are making these sort of analyses. megyn: it feels like we are left with the economy -- with people's livelihoods and growth in the country and salaries and unemployment benefits. we are just left. both sides are accusing the other of being the untethered risk taker. last night speaker boehner made remarks demanding leadership on the president. here he is. >> this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adults leadership. megyn: is there a political risk to the president? is there a political risk to him in looking a little too bashful little too smart, as they say, when it comes to this game? >> sure, there are political risks all around for both sides. he saw the president today. he has been doing this and will be doing more of it. trying to clean outside game and put pressure on and make the public put pressure on members of
it depends on how much you think going over the fiscal cliff will affect the economy. others say it will be devastating and others say it will be back. it depends on where you stand when you are making these sort of analyses. megyn: it feels like we are left with the economy -- with people's livelihoods and growth in the country and salaries and unemployment benefits. we are just left. both sides are accusing the other of being the untethered risk taker. last night speaker boehner made remarks...
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that falling off the fiscal cliff would be dangerous for the economy. and in their view, it's even more reason that house republicans should do what senate democrats have already agreed to do. which is raise tax rates for the wealthiest americans in an effort to bring down the debt for everybody and avoid falling off the fiscal cliff. wolf, i also have some news. tomorrow i am told by senior administration officials, president obama will make a statement on the u.s. economy. this will be president obama's first statement from the white house since his re-election. and no doubt will be an opportunity for him to address some of these pressing issues raised by the cbo report, by the fiscal cliff, by our economic conditions right now, wolf. >> we will, of course, have live coverage of the president's statement on the economy. you're also finding out, jessica, some new information about the president's agenda for his second term. >> that's right, wolf. you know, during this election pundits criticized president obama for offering too few specifics during his
that falling off the fiscal cliff would be dangerous for the economy. and in their view, it's even more reason that house republicans should do what senate democrats have already agreed to do. which is raise tax rates for the wealthiest americans in an effort to bring down the debt for everybody and avoid falling off the fiscal cliff. wolf, i also have some news. tomorrow i am told by senior administration officials, president obama will make a statement on the u.s. economy. this will be...
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Nov 10, 2012
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if not solved, the fiscal cliff would drive the economy back in recession and result in jobless rate rise to 9.1% by 2013. economic output would drop by .a% if congress fails to act. so much at stake. how much will it take washington to reach a compromise here? james freidman is the assistant editorial page editor with the "wall street journal." good to have you here. >> now that the we would go back into a recession. do you think that gives the president added incentive to compromise? >> i don't know. i hope. so you see that speech he made on friday. minus the stuff trashing romney. if you are hoping for a signal that now we are going to get toward fiscal sanity, i don't think we got it. >> do you agree with the cbo? what happens if we go over that cliff. >> the real cliff is the tax cliff. they talk about the fiscal cliff because people who like to spend money want to pretend any modest reduction in spend something bad for the economy. the real problem is 500 billion in tax incrosses scheduled for next year. >> alisyn: let's hear what the president had to say yesterday. >> i'm open
if not solved, the fiscal cliff would drive the economy back in recession and result in jobless rate rise to 9.1% by 2013. economic output would drop by .a% if congress fails to act. so much at stake. how much will it take washington to reach a compromise here? james freidman is the assistant editorial page editor with the "wall street journal." good to have you here. >> now that the we would go back into a recession. do you think that gives the president added incentive to...
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Nov 15, 2012
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the economy. why should republicans in congress believe you are not going to cave now? >> bill: with all due respect to you, because that's not a bad point. it's such an easy dodge. he took 8 minutes to dodge it. >> he took a long time to dodge these things. >> bill: oh, well, you know, i had to do it back then because, you know, we had a bad economy. but now the mandate the folks want this and that. i'm not going to do it and i'm the greatest guy. you just don't get any information. >> you know follow up. economy so much better now that we now can afford the economic. >> bill: did you hear that follow up question, kristen? >> you didn't hear it because it wasn't asked. >> i would love to hear more follow-up that format didn't allow for it. >> bill: living and experiencing are two different things. all right? what we experienced as americans, all of us today, was one hour of nothingness, vast nothingness. now, powers convinced me i'm wrong. i'm ready to believe you. >> no. i mean, you are not wron
the economy. why should republicans in congress believe you are not going to cave now? >> bill: with all due respect to you, because that's not a bad point. it's such an easy dodge. he took 8 minutes to dodge it. >> he took a long time to dodge these things. >> bill: oh, well, you know, i had to do it back then because, you know, we had a bad economy. but now the mandate the folks want this and that. i'm not going to do it and i'm the greatest guy. you just don't get any...
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Nov 8, 2012
11/12
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we'll see what they do with the fiscal cliff. they tried to fix it twice, twice they failed, now we're getting close to the deadline, and they're like, oh, we'll punt again. okay, fine. washington's going to do what it's going to do. what about obamacare? that, all sort of the bad stuff, if you will, of obamacare, the taxes, the penalties people are going to have to pay, they started in obama 2.0, and that starts in 2014. how big of an impact is that going to have? is. >> big. the re-election of barack obama means that you will get obamacare. governor romney was going to repeal it and replace it. well, that's not going to happen. obamacare is in place, and it's going the move forward. that means all kinds of taxes start taking effect. there'll be a tax on generic -- not generic, i'm sorry, experimental drug companies. there'll be a tax on granny's hip and the new knee. there'll be all kinds of taxes introduced starting next year which will hit the economy. also the second term means that there's no messing around with financial r
we'll see what they do with the fiscal cliff. they tried to fix it twice, twice they failed, now we're getting close to the deadline, and they're like, oh, we'll punt again. okay, fine. washington's going to do what it's going to do. what about obamacare? that, all sort of the bad stuff, if you will, of obamacare, the taxes, the penalties people are going to have to pay, they started in obama 2.0, and that starts in 2014. how big of an impact is that going to have? is. >> big. the...
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Dec 21, 2012
12/12
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no deal to avoid the fiscal cliff and its inducing spending cuts. check. no deal to avoid tax hikes on 100% of americans. check. the republican mutany was successful, but the cost could ultimately sink the economy. joining us now from the capitol is nbc's luke russert. how are you doing? >> ari, how are you, sir? good to see you in the chair. >> nice to see you. let's go right to it. when speaker boehner says it's now up to the president, what does that mean to you, and how does that basically intersect with the reporting you did last night showing this was a real tough conference meeting? >> well, it's interesting. it's what is the path forward from here, ari, and to be quite frank with you, nobody necessarily knows that. there are a few options here. does the negotiations between president obama and speaker john boehner continue, and perhaps he brings up legislation on the house floor that does not have a majority of the house gop conference? probably not going to do that. i have been informed that they would like to have a sort of basement of 120 votes
no deal to avoid the fiscal cliff and its inducing spending cuts. check. no deal to avoid tax hikes on 100% of americans. check. the republican mutany was successful, but the cost could ultimately sink the economy. joining us now from the capitol is nbc's luke russert. how are you doing? >> ari, how are you, sir? good to see you in the chair. >> nice to see you. let's go right to it. when speaker boehner says it's now up to the president, what does that mean to you, and how does...
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Nov 30, 2012
11/12
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is the economy headed for that fiscal cliff? is all of this negotiating dead in the water? let's bring in our panel. monica crowley, radio talk show host and author of monomemo.com. jewelry roginsky former political advisor to senator frank lautenberg of new jersey. both fox news contributors. you say the president is not interested in compromise at all? >> no. i have just wrote a whole book about this called, what the bleep just happened. i traced first four years of his presidency. anytime he proposed a economic proposal or physical proposal it contained the exact same elements, which is tax hikes, more spending, not less, no entitlement reform and pushing up the debt limit as far and as fast as possible. this should come as no big surprise here. it is not a big mystery who this guy is. a pure leftist ideologue who will not compromise. jon: julie, he ran a platform saying let's raise the two top tax rates in this country. if he did that would raise $850 billion in revenue. he is asking for a trillion six. he is asking for twice what he campaigned on. >> first and foremost
is the economy headed for that fiscal cliff? is all of this negotiating dead in the water? let's bring in our panel. monica crowley, radio talk show host and author of monomemo.com. jewelry roginsky former political advisor to senator frank lautenberg of new jersey. both fox news contributors. you say the president is not interested in compromise at all? >> no. i have just wrote a whole book about this called, what the bleep just happened. i traced first four years of his presidency....
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Nov 14, 2012
11/12
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CNN
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pew and "washington post" also asked, what effect the fiscal cliff would have on your financial situation, 44% said a major effect. 38% said a minor effect. 9% said no effect. and then they also asked them, by the way, do you know what the fiscal cliff, do you know anything about it? about 26% said they understood it very well. 32% said fairly well. about a quarter said not so well. >> that's a trick question. i don't think even the people involved in creating the fiscal cliff understand it well. >> it's a good point. the fiscal cliff is an accident. it wasn't planned. it's not a planned austerity thing. it's budget things that all happen to expire at the same time that will create havoc. it is very hard to understand. but it is really important. it's probably a good chance it won't happen in its entirety. but if it does, it would be catastrophic. which is why i'm up this early and talking about this endlessly. >> somebody said to me the other day, you guys are just hyping this fiscal cliff thing because it's good for ratings. i wanted to say if you think talking about fiscal cliff is goo
pew and "washington post" also asked, what effect the fiscal cliff would have on your financial situation, 44% said a major effect. 38% said a minor effect. 9% said no effect. and then they also asked them, by the way, do you know what the fiscal cliff, do you know anything about it? about 26% said they understood it very well. 32% said fairly well. about a quarter said not so well. >> that's a trick question. i don't think even the people involved in creating the fiscal cliff...
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Nov 15, 2012
11/12
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this after taking a strong stance on the looming fiscal cliff, telling lawmakers that the economy cannot afford a tax increase on all americans. republican leaders say raising income tax rates on wealthier americans would hurt job creation. >>> new health concerns this morning for yet another popular caffeinated drink, 13 reported deaths have now been linked to the possible involvement of 5-hour energy. according to the fda, some 90 reports date back to 2009, dozens involving life-threatening issues like convulsions, heart attacks, and even a spontaneous abortion. the company that distributes the energy shot drink says it is unaware that any deaths can be proven to be caused by 5-hour energy and that the drink is safe when used as directed. >>> nbc news has confirmed this morning, british oil giant bp has agreed to pay a record criminal penalty as it nears a federal settlement over the 2010 gulf oil disaster. the settlement also includes criminal charges in connection with the deadly oil rig explosion. >>> u.s. women's soccer team goalie hope solo and former nfl player jerramy stevens we
this after taking a strong stance on the looming fiscal cliff, telling lawmakers that the economy cannot afford a tax increase on all americans. republican leaders say raising income tax rates on wealthier americans would hurt job creation. >>> new health concerns this morning for yet another popular caffeinated drink, 13 reported deaths have now been linked to the possible involvement of 5-hour energy. according to the fda, some 90 reports date back to 2009, dozens involving...
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Nov 13, 2012
11/12
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lori: what is the worst-case scenario if we get the fiscal cliff? >> it would be terrible. we have done the economic modeling on this. we see this would have a severe impact on long-term economy, about the equivalent of four hurricane countrys hitting the united states each and every year over the next ten years. it would knock 7 percentage points off of the economy over the next ten years, equivalent of $1 trillion gdp, could not as many as eight million or nine million people love of the employment rolls. serious stuff. lori: thanks for talking to us. always appreciated. etna's ceo is one of those executives meeting with president obama tomorrow but today he is sounding off on what the fiscal cliff means tt business. melissa: make money despite the market's penetrating sideways. charles payne joins us next. let's look at the trade on metals as we head to break. not too nervous by hiding out in the backyard or stuffing it in the mattress or what have you down $3 or $4 and that would be uncomfortable. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, b
lori: what is the worst-case scenario if we get the fiscal cliff? >> it would be terrible. we have done the economic modeling on this. we see this would have a severe impact on long-term economy, about the equivalent of four hurricane countrys hitting the united states each and every year over the next ten years. it would knock 7 percentage points off of the economy over the next ten years, equivalent of $1 trillion gdp, could not as many as eight million or nine million people love of...
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Jul 25, 2012
07/12
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FOXNEWSW
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hill, this so-called fiscal cliff. massive tax hikes and spending cuts that could go into effect at the start of next year unless congress can reach a deal. so a lot in front of us immediately and on the horizon. we're 104 days away from the election. how will this economy impact the election? or vice versa? joe trippi served as howard dean's presidential campaign manager. he is also a fox news contributor. nice to see you, joe. >> good to be with you, jenna. jenna: today the president is doing several fund-raising events of the mitt romney in is europe talking about foreign policy. have we heard snuff from either man when it comes to the economy? >> i don't think so. but look, the next 100 days or, in a lot of ways not in either campaign's hands. i've been saying this for quite a while. the states that could have more to do with the outcome of our election could well be greece, spain, italy, nations in europe. if those places continue this sort of downturn that we're seeing and in the reports coming out of the u.k. th
hill, this so-called fiscal cliff. massive tax hikes and spending cuts that could go into effect at the start of next year unless congress can reach a deal. so a lot in front of us immediately and on the horizon. we're 104 days away from the election. how will this economy impact the election? or vice versa? joe trippi served as howard dean's presidential campaign manager. he is also a fox news contributor. nice to see you, joe. >> good to be with you, jenna. jenna: today the president is...
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Dec 24, 2012
12/12
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regardless of the fiscal cliff. >> to be fair, i'm told there are a number of republicans, especially in the house, who want to go over the cliff for the reason i explained, that they'd much rather vote for a tax cut than a tax increase because they don't want to break your pledge. grover, thank you very much. appreciate it. >> no one should break their pledge. >> merry christmas. thank you, grover. >> merry christmas to you. >> ahead on "starting point," who would do this right before christmas? real grinches break into one family's home, turning over their tree, stealing their electronics. what are they going to do about it? we'll talk to them live next. i . because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/price
regardless of the fiscal cliff. >> to be fair, i'm told there are a number of republicans, especially in the house, who want to go over the cliff for the reason i explained, that they'd much rather vote for a tax cut than a tax increase because they don't want to break your pledge. grover, thank you very much. appreciate it. >> no one should break their pledge. >> merry christmas. thank you, grover. >> merry christmas to you. >> ahead on "starting point,"...
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Jul 17, 2012
07/12
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the nation over the so-called fiscal cliff. we're going to lock arms, are we? good morning i'm bill hemmer. welcome to "america's newsroom". martha: trying to picture a game of chicken on capitol hill. bill: chicken on the hill. martha: chicken on a stick. good morning, everybody, i'm martha maccallum. you have democrats warning about looming defense cuts and expiring bush-era tax rates. they say they won't bush if the republicans won't bend. watch this. >> i will absolutely continue this debate into 2013 rather than lock in a long term deal this year that throws middle class families under the bus. >> what the democrats are proposing today is an entirely avoidable, high-stakes game of chicken. bill: so in the depths of july you have this, america. if congress can not come up with a compromise, we can all pay a price, significant too. bob cusacking managing editor of "the hill." what is on the line now? >> welling, everything. we have so much politics at play. everybody's tax rates were on the line. we were in this position in
the nation over the so-called fiscal cliff. we're going to lock arms, are we? good morning i'm bill hemmer. welcome to "america's newsroom". martha: trying to picture a game of chicken on capitol hill. bill: chicken on the hill. martha: chicken on a stick. good morning, everybody, i'm martha maccallum. you have democrats warning about looming defense cuts and expiring bush-era tax rates. they say they won't bush if the republicans won't bend. watch this. >> i will absolutely...
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Nov 12, 2012
11/12
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maybe away from the gridlock in washington over the fiscal cliff. >>> the u.s. is expected to be the world's biggest oil producer by around 2020, kicking saudi arabia out of the top spot. that's according to a new report this morning from the international energy agency. the rise is because of a recent resurgence in oil and gas production and the fact that cars and trucks are more fuel efficient. plus the u.s. is expected to be a net oil exporter by around 2030. >>> yes, add one more to the list. toys r us is opening early thanksgiving night. thursday, i'm talking about, 8:00 p.m. eastern. that's an hour earlier than last year. target and walmart, they're going to open earlier on thanksgiving night as well. so you can get your turkey, you can eat that and then go work it off in the evening. >> i guess you get a sitter for the kids and then you run out -- >> take them with. make it a family affair. >> what about the poor people who have to work there. >> listen, as someone who has worked every single holiday, they can get over it. >> i hate to say it, what about
maybe away from the gridlock in washington over the fiscal cliff. >>> the u.s. is expected to be the world's biggest oil producer by around 2020, kicking saudi arabia out of the top spot. that's according to a new report this morning from the international energy agency. the rise is because of a recent resurgence in oil and gas production and the fact that cars and trucks are more fuel efficient. plus the u.s. is expected to be a net oil exporter by around 2030. >>> yes, add...
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Nov 9, 2012
11/12
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what he says about the fiscal cliff, the tone that he sets, they're going to be watching this very closely. guys, indeed we're looking at a lower open, again this morning on wall street. back to you. >> steve: all right. sandra, live at wall street. we thank you very much. you'll be able to see the president's comments today live from the east room at 1:05 eastern time. new york city will begin rationing gas for this first time since jimmy carter was president. it's in response to the gas crisis at thank shut down hundreds of stations and forced drivers to wait in line for hours. >> alisyn: antoine lewis is live in queens with more on all this. what are you seeing, antoine? >> you have to see this picture to kind of at this time putt it in perspective. we're at 39th street and northern boulevard. this mini van that you're seeing right here is outside of the line. some of these people have been in line trying to get gas since last night. that mini van was actually trying to cut the line, to try to get into this gas station on the corner because they have fuel. but you also see that nypd off
what he says about the fiscal cliff, the tone that he sets, they're going to be watching this very closely. guys, indeed we're looking at a lower open, again this morning on wall street. back to you. >> steve: all right. sandra, live at wall street. we thank you very much. you'll be able to see the president's comments today live from the east room at 1:05 eastern time. new york city will begin rationing gas for this first time since jimmy carter was president. it's in response to the gas...
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Nov 9, 2012
11/12
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WJLA
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wall street is facing growing fears that the economy could careen over that so-called fiscal cliff, which is the double-whammy of spending cuts and tax hikes that kicks in january 1st whout a deal in congre. the dow sank another 121 points yesterday, with a two-day loss of 400 points. the nasdaq tumbled 41, almost 1.5%. >>> mcdonald's is serving up some disappointing numbers. the fast food giant says worldwide monthly sales are down for the first time in nearly ten years, dropping 1.8% in october. the weak economy and competition from chains, such as burger king and chipotle, are key reasons for the decline. >>> and speaking of food, this year's thanksgiving feast, just 13 days away, we should add, is going to cost about the same as last year. the price of a classic holiday meal, turkey and trimmings for ten, is pegged at $48.48. that's up just 28 cents from last year. >>> and more stores are trying to get you up from the table and into the mall. sears and walmart are opening up at 8:00 thanksgiving night to get a jump on black friday. and best buy, the biggest electronics chain is offeri
wall street is facing growing fears that the economy could careen over that so-called fiscal cliff, which is the double-whammy of spending cuts and tax hikes that kicks in january 1st whout a deal in congre. the dow sank another 121 points yesterday, with a two-day loss of 400 points. the nasdaq tumbled 41, almost 1.5%. >>> mcdonald's is serving up some disappointing numbers. the fast food giant says worldwide monthly sales are down for the first time in nearly ten years, dropping 1.8%...
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>> a fiscal cliff is what we could be facing in january. when the bush-era cuts expire and a series of deep spending cuts go into affect. economists say it could push the economy back into a recession. lawmaker intrnz putting off get past elections. now, that happened. congress fails to act by the end of the year, spending cuts and tax increases will kick in, costing average american household about 3700s oodz that would take so much demand out of the economy that we might find ourselves in another recession. >> the labor secretary says nobody wants that.]n'ytlñ our political analyst says there is no deal in the works. >> right now they're not prepared. there is no agreement on basic principals. all we know is that cuts are looming and that cuts across the board are looming. >> speaker of the house john boehner appeared to dig in his heels on the suggestion of tax increases.. >> raising taxes on small business people is the wrong prescription given wheream> democratic stlat gist and former clinton advisor. >> i do think
>> a fiscal cliff is what we could be facing in january. when the bush-era cuts expire and a series of deep spending cuts go into affect. economists say it could push the economy back into a recession. lawmaker intrnz putting off get past elections. now, that happened. congress fails to act by the end of the year, spending cuts and tax increases will kick in, costing average american household about 3700s oodz that would take so much demand out of the economy that we might find ourselves...
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Sep 11, 2012
09/12
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KPIX
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the economy is expected to shrink by about a half percent next year if nothing is done and also the fiscal cliff is expected to increase the nation's unemployment rate from the current level to 9.1%. on money watch we have an in- depth question and answer on the fiscal clef and how it impacts your wallet. >> it is 549, back here in the bay area we want to know about tuesday. >> is a very quiet morning, low clouds and patchy fog along the seashore. the ceiling has lower down to 500 ft. but so far, no reports of any local airport delays. 50s across the board except santa rosa, currently 49 degrees. later today the clouds will sit very close to the seashore. coastal and bake temperatures are down a degree or two. 90 degrees in livermore yesterday because the high pressure stay put but we do have a trough to the north of us. this area of high pressure will fill in and the end result is a warm-up. 95 in sacramento. 74 in the high sierra. mid-60's around monterey bay and around our bay we will see highs today of 74 degrees in san mateo. 60s are common around the media seashore. warmer than that
the economy is expected to shrink by about a half percent next year if nothing is done and also the fiscal cliff is expected to increase the nation's unemployment rate from the current level to 9.1%. on money watch we have an in- depth question and answer on the fiscal clef and how it impacts your wallet. >> it is 549, back here in the bay area we want to know about tuesday. >> is a very quiet morning, low clouds and patchy fog along the seashore. the ceiling has lower down to 500...
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Nov 10, 2012
11/12
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what happens if he fails to stop the economy in going over this fiscal cliff we talked about? >> wounded warriors reaching new heights. how they are proving that teamwork can take them from the battlefield to the top of some of the country's highest peaks. >> heather: that is great story. we have the latest on relief efforts on some of those hit hardest by super storm sandy. we'll speak to assemblywoman helping in staten island. >> you don't think it is going to be you and then it is. it puts me on the other side of the table. you are never think it will be there. you are. you realize how important it is to have people to come and help you. where others fail, droid powers through. introducing the new droid razr maxx hd by motorola. now more than ever droid does. >>. >> gregg: welcome back. now that the president's healthcare law is becoming a reality. more companies now say they are planning layoffs. many of them claim it's because they simply can't afford the new or higher tax rates. nephew of george w. bush makes a campaign filing in texas. it doesn't specify what office he
what happens if he fails to stop the economy in going over this fiscal cliff we talked about? >> wounded warriors reaching new heights. how they are proving that teamwork can take them from the battlefield to the top of some of the country's highest peaks. >> heather: that is great story. we have the latest on relief efforts on some of those hit hardest by super storm sandy. we'll speak to assemblywoman helping in staten island. >> you don't think it is going to be you and...
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Sep 13, 2012
09/12
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also there's a lot of uncertainty involving the fiscal cliff. what are tax policies going to look like as of january 1? that scent give businesses much incentive either. the discussion after the fed made this move, the discussion is still going to turn to congress and whether or not congress will act on this fiscal cliff. >> thank you. >>> president obama and mitt romney say they have plans to shrink the u.s. debt, but there are problems with both the plans. we have details up next. >>> hey there, everyone. today on the help desk we're talking about the best way to tackle your credit card debt. a lot of people have this issue. joining me this hour, donna rosato and ronald mack. donna, this woman told me she has $4,000 in debt. >> if you've got multiple credit cards, you know, what's the best way to work out a plan where you can pay it off? >> yeah, i think she's wondering which do i pay off first? >> that's right. well, there are two schools of thought on this. generally it's better to focus on the highest rate card and pay that down as quickly
also there's a lot of uncertainty involving the fiscal cliff. what are tax policies going to look like as of january 1? that scent give businesses much incentive either. the discussion after the fed made this move, the discussion is still going to turn to congress and whether or not congress will act on this fiscal cliff. >> thank you. >>> president obama and mitt romney say they have plans to shrink the u.s. debt, but there are problems with both the plans. we have details up...
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Nov 30, 2012
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of course, if the fiscal cliff does come to be and the economy slows or dips back into recession, things will really slow down. what automakers are doing is continuing to push the sales of smaller cars, which is what the public wants, because tgas prics are rising. sales of these types of vehicles do real well in places like california where people drive long distances and where a lot of people are very concerned about the environment and want to drive hybrid or electric vehicles. so even though they haven't been so strong throughout the rest of the country, companies like general motors continue to push ahead with these vehicles. here is their newest introduction, which will be on the market in 2014. only available for sale in california and in oregon initially. this is the chevy spark. it is an all electric vehicle that will get somewhere south of 100 miles on a full charge. what's really cool about this vehicle is you'll be able to charge it up to 80% capacity in just 20 minutes. that is a challenge, though, getting the rest of america outside of places like california to buy these ve
of course, if the fiscal cliff does come to be and the economy slows or dips back into recession, things will really slow down. what automakers are doing is continuing to push the sales of smaller cars, which is what the public wants, because tgas prics are rising. sales of these types of vehicles do real well in places like california where people drive long distances and where a lot of people are very concerned about the environment and want to drive hybrid or electric vehicles. so even...
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Dec 12, 2012
12/12
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the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rates increases and nothing about spending. and we insist and say, look, mr. president, let's talk about a balanced plan, but where are your specifics on the spending cut? even his own advisers say that any kind of agreement that we come to has to deal with the prime drivers of our deficit, which is the spending, and particularly, the health care entitlement programs. so we ask the president to please sit down with us and be specific and let's get that balanced plan. you know, it's interesting that the senate has passed a bill that is a bill calling for increased revenues of $850 billion. the president continues to say, support that bill, pass that bill. well, how is that the case when he continues to say we also nee
the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rates increases and nothing about spending. and we insist and say, look, mr. president, let's talk about a balanced...
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Nov 10, 2012
11/12
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much of it because of concerns about the fiscal cliff. it takes half a trillion dollars out of the economy next year alone through spending cuts and tax increases. analysts say it would likely lead to another recession. today, the major indices managed only slight gain. the dow jones industrial average rose 4. the nasdaq settled up 9. the s&p increased 2. all three dropped at least 2% for the week. harris? >> harris: rich edson, thank you very much. we will be watching it you watch it with us. thank you. remember that jetblue pilot who ran through the cabin screaming about jesus and al qaeda? we learned he is about to go free. former pilot clayton osborne does not have to be committed to a mental facility the all. the first officer locked osborn out of the cockpit after he started ram bring about religion during a flight from new york to las vegas last march. in osborn began yelling about iran, iraq, and 9/11. and trying to break into the flight deck, the first officer got on the loud speaker and told passengers and crew to, quote: restra
much of it because of concerns about the fiscal cliff. it takes half a trillion dollars out of the economy next year alone through spending cuts and tax increases. analysts say it would likely lead to another recession. today, the major indices managed only slight gain. the dow jones industrial average rose 4. the nasdaq settled up 9. the s&p increased 2. all three dropped at least 2% for the week. harris? >> harris: rich edson, thank you very much. we will be watching it you watch it...
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Nov 16, 2012
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will not follow up the so-called fiscal cliff. alan krueger was at the economic club of washington to talk about the economy and job creation. this is 40 minutes. >> so, we are very pleased today to the chairman of the president's council of economic advisers with us, alan krueger. he is a native new jersey, went to undergrad at cornell where he was not only top of his class about a high jumper on the track team. then went to harvard to get his phd in economics in his thesis advisor was none other than larry summers. he has an academic career and is now pinning a professor at princeton, teaching economics, but it's not a second tour of duty in a bomb administration, beginning a few bomb administration served as assistant secretary of economic affairs at treasury and then went back to princeton and was lured back to the president to become the chairman of the council of economic visitors and assumed about a year ago confirmed in november of 2011. so we are pleased to have the year, alan. so everybody wants to know what they. are we
will not follow up the so-called fiscal cliff. alan krueger was at the economic club of washington to talk about the economy and job creation. this is 40 minutes. >> so, we are very pleased today to the chairman of the president's council of economic advisers with us, alan krueger. he is a native new jersey, went to undergrad at cornell where he was not only top of his class about a high jumper on the track team. then went to harvard to get his phd in economics in his thesis advisor was...
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Nov 14, 2012
11/12
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MSNBCW
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everybody agrees fiscal cliff ain't great. this is how the white house sees it, they see it more broadly that they have a responsibility here and responsibility to markets, economy, business, and job creators, and that responsibility is to end this period in american economic governance in which we are yo-yoing from one crisis to another. even if the republicans want to go over the cliff, the curve, the crisis, and we head into the debt ceiling, the white house is pretty intent on standing firm. they feel that this kind of legislating, this kind of hostage taking needs to be broken and that after this election and given what polling is showing now, what happened to republicans in the last election, they're in a place to break it. >> justin, can you tell us one thing the president said in the meeting, any good joke he told, anything? >> well, you know, one thing that i really heard from them was that they understand that this is a different situation than 2011 and 2010, that this election was a mandate, political circumstances
everybody agrees fiscal cliff ain't great. this is how the white house sees it, they see it more broadly that they have a responsibility here and responsibility to markets, economy, business, and job creators, and that responsibility is to end this period in american economic governance in which we are yo-yoing from one crisis to another. even if the republicans want to go over the cliff, the curve, the crisis, and we head into the debt ceiling, the white house is pretty intent on standing...
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Nov 21, 2012
11/12
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CSPAN
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fiscal tightening built into law, the so-called fiscal cliff. the realization of all the automatic tax increases and spending cuts that make up the fiscal cliff absent offsetting changes would pose a substantial threat to recovery. indeed, by the reckoning of the congressional budget office, and that of many outside observers, a fiscal shock of that size would send the economy toppling back into recession. second, early in the new year it will be necessary to improve and increase the federal debt limit to -- approved an increase in the federal dedead -- debt limit. the threat of default in the summer of 2011 fueled economic uncertainty and badly damaged confidence even though an agreement was ultimately reached. a failure to reach a timely agreement this time around could impose even heavier economic and financial costs. as this policy makers face these critical decisions, they should keep two decisions in mind. first, the federal gobudget is on an unsustainable path. the budget deficit, which peaked 2009, is expected to narrow further in the co
fiscal tightening built into law, the so-called fiscal cliff. the realization of all the automatic tax increases and spending cuts that make up the fiscal cliff absent offsetting changes would pose a substantial threat to recovery. indeed, by the reckoning of the congressional budget office, and that of many outside observers, a fiscal shock of that size would send the economy toppling back into recession. second, early in the new year it will be necessary to improve and increase the federal...
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Sep 10, 2012
09/12
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CSPAN2
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most people when you hear them talking about fiscal cliff will be talking about the bush era tax cuts and the sequester, and there are actually a lot of other provisions that are worth paying attention to in here. some of them are included in these figures. for instance, the medicare cuts. these are, i'm mentioning some of these because they're actually useful ways to localize the story if you're looking to bring this to a local level. there are physicians a across the country worried about the cut in medicare payments that they will see. if you were to see these actually take effect, there are already plenty of doctors who are not accepting medicare because they don't think their reimbursements are high enough. and so if you were to call your state medical associations, they have people who will certainly be willing to talk about this and doctors who would be willing to talk about this just like the old story of doctors not taking any kind of insurance and going cash only. plenty of them are not taking medicare anymore, though, obviously, most still are. and then these have actual ec
most people when you hear them talking about fiscal cliff will be talking about the bush era tax cuts and the sequester, and there are actually a lot of other provisions that are worth paying attention to in here. some of them are included in these figures. for instance, the medicare cuts. these are, i'm mentioning some of these because they're actually useful ways to localize the story if you're looking to bring this to a local level. there are physicians a across the country worried about the...
WHUT (Howard University Television)
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Nov 13, 2012
11/12
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WHUT
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cliff. >> instead of raising tax rates on the american people, the damage it would do to our economy, let's start to solve the problem. this focus on tax reform, close special interest loopholes, and lower tax rates. instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> sarah anderson, your response? >> it is crazy to be talking about, as he said, shoring up in time of programs. that is just washington speak for reducing the cost of these programs and limiting access. to think we need to shift the burden onto the backs of the poor and elderly is crazy, when we are in one of the richest countries -- the richest country in the world. our problem is our resources have been misallocated. the approach to the debt should be to look at the ways that we could raise revenue through fair taxation, including tax and financial transactions, which could bring in wall street. no. 2, environmental reforms like cutting fossil fuel subsidies and usi
cliff. >> instead of raising tax rates on the american people, the damage it would do to our economy, let's start to solve the problem. this focus on tax reform, close special interest loopholes, and lower tax rates. instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> sarah anderson, your response? >> it is crazy to be...
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Dec 25, 2012
12/12
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FOXNEWSW
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washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy though. they say people just don't feel like spending as much. many still feeling the wake of super storm sandy. also those recent shootings in colorado and connecticut. because of the low sales predictions. retailers are banking on last-minute shoppers to boost their bottom lines but experts say they could be disappointed. fox business network's adam shapiro has that news. adam? >> so the holiday shopping season, when you crunch the numbers, may not prove to be as merry as some people had hoped for. first the good news, national retail federation saying they are still on track for growth of 4.1% over the last we have 586 billion-dollar holiday shopping season. according to the nrf. we won't get the final numbers until after the holidays have played out. already though, shopper track is indicating it's n
washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy though. they say people just don't feel like spending as much. many still feeling the wake of super storm sandy. also those recent shootings in colorado and connecticut. because of the low sales predictions. retailers are banking on last-minute...
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141
Jun 13, 2012
06/12
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CNN
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he got some others like what should we do about the state of the economy, the fiscal cliff that's coming, what we really don't know yet, wolf, is what this means for regulation going forward. this key part of financial reform, the so-called volcker rule named after the former fed chairman, it's still a bit in limbo. some folks want to make it tighter. others say it would not prevent another financial crisis and that's really what's still being lobbied on right now. >> we use the $2 billion number for the loss, but some insiders have said to me they think it may be $3 billion, maybe even $4 billion when all the dust settles. did he clarify that? >> he did not. i asked jamie dimon again at the end of the hearing, will you tell me how large the loss was, a question none of the senators asked, and he said no. >> flatly. >> yeah. >> thanks very much. erin burnett is going out front on this story as well. she's covered these stories for a long time. what jumped out at you today as someone who knows jamie dimon, has covered him extensively. what jumped out of you, erin. >> wolf, there was as li
he got some others like what should we do about the state of the economy, the fiscal cliff that's coming, what we really don't know yet, wolf, is what this means for regulation going forward. this key part of financial reform, the so-called volcker rule named after the former fed chairman, it's still a bit in limbo. some folks want to make it tighter. others say it would not prevent another financial crisis and that's really what's still being lobbied on right now. >> we use the $2...